Investors

Dividends

Dividend Policy

The declaration of cash and stock dividends will be determined on a quarter-by-quarter basis by the Board of Directors based on the sustainable cash flow and earnings of the Company. At this time, given the current uncertainty in the oilfield services sector, the Board has suspended the Company's quarterly dividend.

Dividend Taxation

The cash dividend qualifies as an eligible dividend pursuant to subsection 89(1) of the Income Tax Act (Canada) for Canadian income tax purposes. Shareholders should consult their tax advisors concerning the tax implications of their participation in the DRIP and SDP having regard to their particular circumstances.